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GBP/USD Forecast for the Week of May 14, 2012, Technical Ana

posted by Avatar FXEmpire 373 days ago in USD, GBP, Technical made popular 373 days ago

The GBP/USD pair initially rose for the week, but was turned back in a hurry to form a bit of a shooting star. However, the market is heavily supported at the 1.6050 to 1.60 levels, so selling here is going to be very difficult. The easiest signal is to buy on a break above the shooting star as it would show a momentum move to the upside that would
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